One satoshi is currently worth $0.00065 — but some sats hold inherent “collectible value” in the Bitcoin ecosystem, cryptocurrency exchange CoinEx Global explained. An "epic sat" — an exceptionally rare satoshi that was mined from the fourth Bitcoin halving block — has sold for 33.3 Bitcoin (BTC), worth about $2.13 million. The sale of the satoshi — the smallest unit of Bitcoin — took place on cryptocurrency exchange CoinEx Global on April 25 — roughly five days after one of its partners, Bitcoin mining pool viaBTC, mined it in block 840,000 on April 20. The auction, which commenced on April ..read more

There’s only one way left for Chinese nationals to access the Hong Kong Bitcoin ETFs, $6B scam accused in court, and more: Asia Express. Our weekly roundup of news from East Asia curates the industrys most important developments. Yadi Zhang, a Chinese national alleged to have scammed over 130,000 Mainland China investors out of 43 billion Chinese Yuan ($5.94 billion) and then laundered the proceeds using Bitcoin, has been apprehended by UK authorities.  During her appearance at Westminster Magistrates Court on April 20, Zhang indicated through a translator that she intended to plead ..read more

Caroline Crenshaw may continue to serve at the SEC for an additional 18 months after her term ends in June if the White House doesn't nominate a replacement. Caroline Crenshaw, one of five commissioners of the United States Securities and Exchange Commission (SEC), could be leaving the financial regulator after roughly four years. As of April 25, President Joe Biden’s administration will have 41 days to decide whether to nominate someone to replace Crenshaw before her term ends on June 5. The commissioner was nominated by former President Donald Trump in 2020 to fill a seat left vacant by for ..read more

Memecoins in the Solana ecosystem defy the recent bearish downtrend in the crypto market by managing to generate double-digit gains. Nearly every corner of the crypto market has corrected at some point in April, but, memecoins in the Solana ecosystem seem to be charting a different path.  According to CoinGecko data, the total market capitalization of memecoins on Solana has significantly risen in the last 24 hours, climbing 4.2% to $8.261 billion. Bonk (BONK) gained the most, rising 15.2% over the last 24 hours and 8.7% in the last hour. Popcat (POPCAT) followd with double-digit gains o ..read more

Stripe customers will be able to pay with USDC beginning this summer, president Jack Collison said, after the company canned BTC payments in 2018. Payment service Stripe is bringing back crypto in the form of stablecoin payments, co-founder and president John Collison has announced. The new service will be available this summer, he said. “Crypto is finally making sense as a means of exchange,” Collison told the audience at the company’s developers conference in San Francisco on April 25. Since Stripe discontinued its Bitcoin (BTC) payment option in 2018, transaction times have increased, fees ..read more

The top memecoins are far from previous highs, yet retail investors may view them as fairer opportunities than VC-backed coins with high fully diluted valuations. While Dogecoin (DOGE) price fell during the past month, historical data indicates that it could start its rally to new all-time highs around seven months after the Bitcoin halving.  Dogecoin price is down nearly 8% on the daily chart and over 18% over the past month, but remains in line with the previous cycle’s price action, suggesting that it could be on track toward new all-time highs. During the previous crypto bull market ..read more

Block gets one percent of every conversion. Jack Dorsey’s fintech firm, Block, recently announced that it was integrating a new feature for Square merchants that would allow them to allocate a portion of their daily sales to bitcoin, with on-demand payouts via CashApp.  Qualified merchants in the U.S. can currently allocate between one and ten percent of their daily sales to bitcoin. According to a TechCrunch article, the fiat funds are collected until the end of the day, at which point they’re converted to bitcoin and deposited into the user’s CashApp account. Merchants will be required ..read more

Bitcoin bulls tend to celebrate when BTC’s funding rate is negative, but is it really a “generational buying opportunity?” The demand for leveraged buyers using Bitcoin (BTC) perpetual futures has dropped to its lowest levels in over six months, a trend some analysts consider extremely bullish. However, the BTC futures funding rate, which measures the demand between longs (buyers) and shorts (sellers), is greatly influenced by past performance, as historical data indicates. Let’s dig in to whether or not Bitcoin’s flat funding rate is a sign of a buying opportunity. Bitcoin’s funding rate fee ..read more

Morgan Creek Capital CEO Mark Yusko believes the full impact of Bitcoin ETF adoption has yet to be realized, as boomers will continue to gain more exposure to digital assets. Morgan Creek Capital CEO Mark Yusko anticipates massive inflows into the crypto market as baby boomers’ wealth, estimated at trillions of dollars, seeks entry into digital assets.  During an interview with The Wolf Of All Streets podcast, Yusko discussed how the introduction of Bitcoin (BTC) exchange-traded funds (ETFs) and increased interest from registered investment advisers have led to a significant shift in dem ..read more

The company warned that the SEC reversing a position it had held since 2018 on Ether as a security could “spell disaster” for the network and drive innovation to a halt in the U.S. Software development company Consensys filed a lawsuit against the United States Securities and Exchange Commission (SEC) and its five commissioners over claims they plan “to regulate ETH as a security.” In an April 25 filing in U.S. District Court for the Northern District of Texas, Consensys alleged the SEC had orchestrated a campaign “to seize control over the future of cryptocurrency” with enforcement actions a ..read more